Ramalinga Raju

Byrraju Ramalinga Raju (born September 16, 1954) is the former Chairman of Satyam Computers. Satyam was established by Ramalinga Raju and is amongst the top Indian IT vendors with over one billion dollars in revenue. On January 7, 2009, Raju resigned from the Satyam board after admitting to corporate fraud.[2][3]

Fraud
Raju was involved in a controversy involving the company Maytas and margin selling of his shares. It eventually ended in Raju admitting to an accounting fraud to the tune of 7000 crore Rupees or 950 million pounds, and subsequently resigning from the Satyam board.[4][5] The Indian subsidiary of PricewaterhouseCoopers was the auditor of Satyam.

It was like riding a tiger, not knowing how to get off without being eaten
—Ramalinga Raju wrote in his resignation letter accepting corporate fraud, CNN-IBN[6]

source: http://en.wikipedia.org/wiki/Ramalinga_Raju